China's Tebian Electric Apparatus Stock Co Ltd (TBEA) and Bharat Heavy Electricals Ltd are in talks to jointly manufacture equipment in India, the Mint newspaper reported citing the Indian firm's head.
"TBEA, who are the biggest in China, want to work together with us, BHEL Chairman B.P. Rao. told the paper. "There have been initial talks."
TBEA makes electric power transformers of up to 1,000 kilo volts, and BHEL has the capacity to make equipment of up to 400 kilo volts, the paper said, adding a tie-up with TBEA would allow BHEL to compete with likes of Siemens AG and ABB Ltd in the high-voltage segment.
ref:
http://www.moneycontrol.com/news/business/bhel-china-tbeatalks-for-tie-up_433069.html
Wednesday, December 30, 2009
Monday, December 28, 2009
Bhel set to miss target
Bharat Heavy Electricals Ltd (Bhel), the country's largest power equipment manufacturer, is set to miss its capacity addition target, which may delay power projects of companies such as NTPC and other state-run utilities by at least three months, according to sources.
Bhel had set a goal of increasing its manufacturing capacity to 15,000 mw by December 2009 from the existing 10,000 mw.
Over 90% of the thermal plant orders from government owned power companies such as NTPC are placed with Bhel.
"The management of the company has told us that they are facing some financial problem due to which delivery of some critical machinery has not been made by the foreign firms. They would need another 100 days to get their increased capacity to be in place," said a source in the power ministry.
ref:
http://www.dnaindia.com/money/report_bhel-set-to-miss-target_1328536
Bhel had set a goal of increasing its manufacturing capacity to 15,000 mw by December 2009 from the existing 10,000 mw.
Over 90% of the thermal plant orders from government owned power companies such as NTPC are placed with Bhel.
"The management of the company has told us that they are facing some financial problem due to which delivery of some critical machinery has not been made by the foreign firms. They would need another 100 days to get their increased capacity to be in place," said a source in the power ministry.
ref:
http://www.dnaindia.com/money/report_bhel-set-to-miss-target_1328536
BHEL appoints O P Bhutani as Director
BHEL today said that it has appointed O P Bhutani (56) as the Director (Engineering, Research and Development) who assumed
charge from Monday.
Earlier, Bhutani was heading BHEL's International Operations division, one of the three business sectors of the company, as the Executive Director (International Operations), BHEL's press statement said here.
Bhutani, a mechanical engineer from Delhi College of Engineering and an MBA from University of Delhi, has 34 years of professional experience of working in various functions of BHEL including Marketing & Business Development.
He began his career with BHEL in January 1976 as an Engineer Trainee and after completion of training joined the Engineering function at the BHEL Haridwar plant.
ref:
http://economictimes.indiatimes.com/Corporate-Announcement/BHEL-appoints-O-P-Bhutani-as-Director/articleshow/5388658.cms
charge from Monday.
Earlier, Bhutani was heading BHEL's International Operations division, one of the three business sectors of the company, as the Executive Director (International Operations), BHEL's press statement said here.
Bhutani, a mechanical engineer from Delhi College of Engineering and an MBA from University of Delhi, has 34 years of professional experience of working in various functions of BHEL including Marketing & Business Development.
He began his career with BHEL in January 1976 as an Engineer Trainee and after completion of training joined the Engineering function at the BHEL Haridwar plant.
ref:
http://economictimes.indiatimes.com/Corporate-Announcement/BHEL-appoints-O-P-Bhutani-as-Director/articleshow/5388658.cms
Monday, December 21, 2009
BHEL bags Rs 6.4 billion order for 270 MW unit in Jharkhand
Bharat Heavy Electricals Limited (BHEL) today said it had won a repeat order from Adhunik Power and Natural Resources Limited (APNRL) for the main plant package of the second new-rating unit of 270 MW at its thermal power project in Jharkhand.
The order, worth nearly Rs 6.4 billion, is for APNRL's greenfield power project in Jamshedpur district. The company had placed the order for the first 270 MW unit of the project also on BHEL.
According to a press release issued by the BHEL, the order comes close on the heels of an order for a 2x60 MW thermal power plant of Jindal India Thermal Power Limited (JITPL) and is testimony to the confidence reposed by independent power producers (IPPs) in BHEL's capabilities.
more at:
http://netindian.in/news/2009/12/21/0004497/bhel-bags-rs-64-billion-order-270-mw-unit-jharkhand
The order, worth nearly Rs 6.4 billion, is for APNRL's greenfield power project in Jamshedpur district. The company had placed the order for the first 270 MW unit of the project also on BHEL.
According to a press release issued by the BHEL, the order comes close on the heels of an order for a 2x60 MW thermal power plant of Jindal India Thermal Power Limited (JITPL) and is testimony to the confidence reposed by independent power producers (IPPs) in BHEL's capabilities.
more at:
http://netindian.in/news/2009/12/21/0004497/bhel-bags-rs-64-billion-order-270-mw-unit-jharkhand
Tuesday, December 15, 2009
BHEL signs MoU with Nigerian govt; stk up
Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 2,389.70 and an intraday low of Rs 2,340.15. At 10:13 am, the share was quoting at Rs 2,372.80, up Rs 18.20, or 0.77%.
BHEL signed MoU with Nigerian government for three 500 MW projects, reports CNBC-TV18 quoting, Sources.
BHEL Sources say Nigerian government order is seen worth about $ 2 billion. Nigeria government is finalising states for 3 coal-based units.
It was trading with volumes of 14,915 shares. Yesterday the share closed down 2.29% or Rs 55.20 at Rs 2,354.60.
more at:
http://www.moneycontrol.com/news/buzzing-stocks/bhel-signs-mounigerian-govt-stk-up_431069.html
BHEL signed MoU with Nigerian government for three 500 MW projects, reports CNBC-TV18 quoting, Sources.
BHEL Sources say Nigerian government order is seen worth about $ 2 billion. Nigeria government is finalising states for 3 coal-based units.
It was trading with volumes of 14,915 shares. Yesterday the share closed down 2.29% or Rs 55.20 at Rs 2,354.60.
more at:
http://www.moneycontrol.com/news/buzzing-stocks/bhel-signs-mounigerian-govt-stk-up_431069.html
Monday, December 14, 2009
Bhel plans to acquire Hungarian boiler firm
Bharat Heavy Electricals Ltd (Bhel) is planning to acquire Hungary-based boiler maker TGR to establish a manufacturing facility in Europe. This is part of the company’s strategy to acquire companies in Europe and the United States to ramp up its manufacturing capabilities, acquire updated technology and wider market access. Once this acquisition is complete, the company plans to finalise a few more.
TGR has a strategic importance for the public sector entity as its acquisition will give Bhel a manufacturing base in Europe, from where it can supply the equipment and provide other services in the region. This is even as the PSU is expanding its manufacturing capacity to 15,000 MW by March 2010 and 20,000 MW by March 31, 2012 from 10,000 MW at the end of 2008-09.
more at:
http://www.financialexpress.com/news/Bhel-plans-to-acquire-Hungarian-boiler-firm/554099/
TGR has a strategic importance for the public sector entity as its acquisition will give Bhel a manufacturing base in Europe, from where it can supply the equipment and provide other services in the region. This is even as the PSU is expanding its manufacturing capacity to 15,000 MW by March 2010 and 20,000 MW by March 31, 2012 from 10,000 MW at the end of 2008-09.
more at:
http://www.financialexpress.com/news/Bhel-plans-to-acquire-Hungarian-boiler-firm/554099/
BHEL gains on acquisition plans
Shares of BHEL have advanced by 1.5% to Rs2409
Shares of BHEL have advanced by 1.5% to Rs2409 after reports stated that the company’s unit plans to consider four-five companies as candidates for acquisition.
We are looking at investing Rs2.5-4bn for the acquisition, executive director, A V Krishnan was quoted as saying.
Last year, the unit acquired Bharat Heavy Plates and Vessels Ltd in Visakhapatnam, another public sector unit. “We are looking at a 100% take over and once it is acquired, it will become a subsidiary of BHEL,” he added.
Reports also stated that the company is in talks with L&T and Pipavav Shipyard to jointly build off-shore oil rigs. The company had earlier decided to quit its deep water oil rig business as it was unable to find a suitable partner due to investment constraints, added reports.
ref:
http://www.indiainfoline.com/Markets/News/News.aspx?NewsId=19677
Shares of BHEL have advanced by 1.5% to Rs2409 after reports stated that the company’s unit plans to consider four-five companies as candidates for acquisition.
We are looking at investing Rs2.5-4bn for the acquisition, executive director, A V Krishnan was quoted as saying.
Last year, the unit acquired Bharat Heavy Plates and Vessels Ltd in Visakhapatnam, another public sector unit. “We are looking at a 100% take over and once it is acquired, it will become a subsidiary of BHEL,” he added.
Reports also stated that the company is in talks with L&T and Pipavav Shipyard to jointly build off-shore oil rigs. The company had earlier decided to quit its deep water oil rig business as it was unable to find a suitable partner due to investment constraints, added reports.
ref:
http://www.indiainfoline.com/Markets/News/News.aspx?NewsId=19677
Saturday, December 12, 2009
Bhel to generate 14,000 mw in 2010-11
Bharat Heavy Electricals Ltd (Bhel) will successfully commission plants to generate 14,000 mw of power in 2010-11 and also catch up with the requirements of the country on the power front, said BP Rao, Bhel chairman and managing director .
Rao said the power major has taken several steps to increase availability of site facilities, vendor base and develop internal technologies for production of castings and forgings. Rao informed that these steps were taken in addition to the main investment proposals of the company in three phases of which the second phase will be over by March 2010. This will equip Bhel to manufacture equipment for generating 15,000 mw a year, he added.
More at:
http://www.financialexpress.com/news/Bhel-to-generate-14-000-mw-in-2010-11/553407/
Rao said the power major has taken several steps to increase availability of site facilities, vendor base and develop internal technologies for production of castings and forgings. Rao informed that these steps were taken in addition to the main investment proposals of the company in three phases of which the second phase will be over by March 2010. This will equip Bhel to manufacture equipment for generating 15,000 mw a year, he added.
More at:
http://www.financialexpress.com/news/Bhel-to-generate-14-000-mw-in-2010-11/553407/
Bhel drafts aggressive M&A strategy
After its setback in the global acquisition race in the last few years, Bharat Heavy Electricals Ltd (Bhel) has once again set off on the road to acquire firms overseas. This time, the company is armed with a long-term focus on the M&A space by initiating the process of appointing a panel of advisors for an initial phase of two years.
By appointing a long-term panel of advisors, the company seeks to avoid any delay in bidding for an M&A target. Bhel is also trying to get enough time for the due diligence process in order to present a proper bid for the target firm. The move is a first in the country’s public sector. Till now, every public sector enterprise (PSE) appoints advisors as and when an opportunity for an M&A comes up.
Complete article at :
http://www.financialexpress.com/news/Bhel-drafts-aggressive-M-A-strategy/553062/
By appointing a long-term panel of advisors, the company seeks to avoid any delay in bidding for an M&A target. Bhel is also trying to get enough time for the due diligence process in order to present a proper bid for the target firm. The move is a first in the country’s public sector. Till now, every public sector enterprise (PSE) appoints advisors as and when an opportunity for an M&A comes up.
Complete article at :
http://www.financialexpress.com/news/Bhel-drafts-aggressive-M-A-strategy/553062/
Thursday, December 10, 2009
BHEL to invest Rs 235 cr in Bharat Heavy Plates
Bharat Heavy Electricals Limited (BHEL) is planning to invest Rs 235 crore over the next two to three years in Bharat Heavy Plates and Vessels Limited (BHPV). It was acquired by BHEL last year. The investment will mainly go into modernising the plant and infusion of working capital.
B P Rao, chairman and managing director, BHEL who was here to flag off country’s first critical boiler said that BHPV, located in Visakhapatnam, Andhra Pradesh, is presently the engineering procurement and construction (EPC) unit for process industries. Going forward it would also manufacture ancillaries for BHEL.
The proposed investment includes procuring new machines and modernising and infusing working capital, he added.
Setting up a manufacturing unit would need massive greenfield investments and long gestation time, supporting an existing entity like BHPV makes better business sense where economies of scale can be achieved by enhancing the capacity with brownfield investments, according to BHEL’s earlier release.
The market for BHPV’s products, especially in process equipment and cryogenics, is expected to grow rapidly. BHPV has been handicapped due to the financial constraints in participating in some tenders, which would be mitigated once the financial restructuring is complete and BHEL takes over.
With BHEL, Tiruchy Unit is heavily booked with orders for boilers in the utility segment, BHPV can be developed as dedicated centre for industrial boilers.
It is expected that the turnover will cross Rs 1,000 crore in five years, according to a BHEL release
Ref:
http://www.business-standard.com/india/news/bhel-to-invest-rs-235-cr-in-bharat-heavy-plates/379179/
B P Rao, chairman and managing director, BHEL who was here to flag off country’s first critical boiler said that BHPV, located in Visakhapatnam, Andhra Pradesh, is presently the engineering procurement and construction (EPC) unit for process industries. Going forward it would also manufacture ancillaries for BHEL.
The proposed investment includes procuring new machines and modernising and infusing working capital, he added.
Setting up a manufacturing unit would need massive greenfield investments and long gestation time, supporting an existing entity like BHPV makes better business sense where economies of scale can be achieved by enhancing the capacity with brownfield investments, according to BHEL’s earlier release.
The market for BHPV’s products, especially in process equipment and cryogenics, is expected to grow rapidly. BHPV has been handicapped due to the financial constraints in participating in some tenders, which would be mitigated once the financial restructuring is complete and BHEL takes over.
With BHEL, Tiruchy Unit is heavily booked with orders for boilers in the utility segment, BHPV can be developed as dedicated centre for industrial boilers.
It is expected that the turnover will cross Rs 1,000 crore in five years, according to a BHEL release
Ref:
http://www.business-standard.com/india/news/bhel-to-invest-rs-235-cr-in-bharat-heavy-plates/379179/
BHEL to recruit about 4,000 persons annually for 3 years
As part of expansion plans and embarking on certain new joint ventures, public sector BHEL is to recruit about 4,000 persons, including executive engineers annually, at least for the next three years, a top company official said today.
At present,there are 45,000 plus headcount in various BHEL units and the company plans to enhance it to 52,000-55,000 by the end of 2012, B Prasada Rao, Chairman and Managing director of the unit told reporters here last night.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/jobs/BHEL-to-recruit-about-4000-persons-annually-for-3-years/articleshow/5321911.cms
At present,there are 45,000 plus headcount in various BHEL units and the company plans to enhance it to 52,000-55,000 by the end of 2012, B Prasada Rao, Chairman and Managing director of the unit told reporters here last night.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/jobs/BHEL-to-recruit-about-4000-persons-annually-for-3-years/articleshow/5321911.cms
Wednesday, December 9, 2009
BHEL's R&D develops HTSC transformers
Bharat Heavy Electricals Limited (BHEL) Corporate R&D Division has developed, manufactured and tested a High Temperature Superconducting (HTSC) Transformer.
The availability of bismuth-based HTSC wire commercially has opened new opportunities for the manufacturers of power system equipment world over, a BHEL release said here on Wednesday.
The new 1.0 MVA, Three phase 33/6.6 transformers have Higher efficiency, are smaller in size, weight and volume, can withstand twice the capacity overload without insulation damage or loss of useful life, have lower impedance and better voltage regulatio n capability than regular transformer and do not require cooling oil like conventional transformers, thereby eliminating the possibility of oil fires and related environmental hazards and provide more power per unit volume in existing substations, the re lease added.
The developed HTSC transformer has a conventional core at room temperature. HV and LV coils are made of HT superconductors immersed in liquid nitrogen, the release said. HTSC transformers are designed for greater current density than copper winding making the size of coil much smaller, the release added. - PTI
ref:
http://www.thehindubusinessline.com/blnus/02091560.htm
The availability of bismuth-based HTSC wire commercially has opened new opportunities for the manufacturers of power system equipment world over, a BHEL release said here on Wednesday.
The new 1.0 MVA, Three phase 33/6.6 transformers have Higher efficiency, are smaller in size, weight and volume, can withstand twice the capacity overload without insulation damage or loss of useful life, have lower impedance and better voltage regulatio n capability than regular transformer and do not require cooling oil like conventional transformers, thereby eliminating the possibility of oil fires and related environmental hazards and provide more power per unit volume in existing substations, the re lease added.
The developed HTSC transformer has a conventional core at room temperature. HV and LV coils are made of HT superconductors immersed in liquid nitrogen, the release said. HTSC transformers are designed for greater current density than copper winding making the size of coil much smaller, the release added. - PTI
ref:
http://www.thehindubusinessline.com/blnus/02091560.htm
Tuesday, December 8, 2009
BHEL achieves significant breakthrough with first commercial order -Phase Shifting Transformer
Reposing faith in Bharat Heavy Electricals Limited (BHEL)’s capability to successfully introduce new technology products, Andhra Pradesh Power Generation Corporation Limited (APGENCO) has placed an order on BHEL for the country’s first Phase Shifting Transformer (PST).
Valued at Rs.27 Crore, the order entails installation of an indigenously-developed Phase Shifting Transformer, to be installed at APGENCO’s Kothagudem Thermal Power Station (KTPS) Stage-VI.
A Flexible AC Transmission System (FACTS) device, the PST is a combination of a shunt and a series transformer. It shall enable part power diversion from the existing 220 kV switchyard to the 400 kV switchyard, presently under construction at KTPS, thereby helping relieve the 220 kV lines from overloading. Significantly, this is a major development and has opened a new line of business for BHEL.
BHEL’s scope of work in the contract envisages design, manufacture, supply, civil works, erection, and testing & commissioning of the Phase Shifting Transformer in a schedule of 16 months.
more at :
http://www.dayafterindia.com/dec109/b1.html
Valued at Rs.27 Crore, the order entails installation of an indigenously-developed Phase Shifting Transformer, to be installed at APGENCO’s Kothagudem Thermal Power Station (KTPS) Stage-VI.
A Flexible AC Transmission System (FACTS) device, the PST is a combination of a shunt and a series transformer. It shall enable part power diversion from the existing 220 kV switchyard to the 400 kV switchyard, presently under construction at KTPS, thereby helping relieve the 220 kV lines from overloading. Significantly, this is a major development and has opened a new line of business for BHEL.
BHEL’s scope of work in the contract envisages design, manufacture, supply, civil works, erection, and testing & commissioning of the Phase Shifting Transformer in a schedule of 16 months.
more at :
http://www.dayafterindia.com/dec109/b1.html
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